haha
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
https://seekingalpha.com/article/41...orm-sadly-lives?app=1&isDirectRoadblock=false
In this piece Kotlikoff argues that our banking system is always highly exposed to catastrophic failure, as we experienced in 2008. He proposes a financing system entirely based on equity, and offers mutual funds as a model. Fractional reserve banking, which is the current system, would become illegal.
I can't intelligently argue this idea, but IMO Kotlikoff can. He seems quite capable, to me at least.
Ha
In this piece Kotlikoff argues that our banking system is always highly exposed to catastrophic failure, as we experienced in 2008. He proposes a financing system entirely based on equity, and offers mutual funds as a model. Fractional reserve banking, which is the current system, would become illegal.
I can't intelligently argue this idea, but IMO Kotlikoff can. He seems quite capable, to me at least.
Ha
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